Course Objectives

Participants play all the major roles in an operating company - production, R&D, sales and marketing, management and finance – to get first-hand experience with:

Team decision-making in each area

Generating financial statements

Preparing budgets and forecasting cash flow

Calculating basic ratios

Comparing operating income and ratios to that of competitors

Implementing change and measuring results

Using ratios and other measurements to identify the 'buttons' which drive company performance and behaviour

Taking initiative in everyday activities leading to reductions in costs, inventories and working capital

Working creatively with customers and suppliers

Interpreting operating reports and financial reports

Prioritising and controlling costs

Targeting profit opportunities

Using historical and competitive bench-marking to improve your bottom line

How to better serve internal and external customers

Seeing how actions impact other areas of the company.

What will you gain?

By the end of this course you will be able to explain:

Basic financial statements and their management uses: Income Statement (P&L) and Balance Sheet

How market conditions impact business decisions

The difference between cash and profit

Fixed and variable costs

Cost structure and capacity utilisation

Budgets and cash flow forecasts

The impact of inventory build-up

The need to control working capital

Ratios as metrics for management (ROA, ROI)

The specific financial metrics used by your company to gauge performance, and why they are used

Effects of strategy changes.

Course Content

The content is based on a team competition consisting of six business cycles in which teams have full decision-making power and are accountable for the results. In each cycle, teams develop and implement a business strategy for their company, which incorporates real-world dynamics, such as production capacity, customers, prices and financing.

Each cycle includes the following activities:

Competitor and market analysis

Setting prices in a competitive market

Monitoring cash flow

Preparing an Income Statement, Cash Flow Statement and Balance Sheet

Posting, comparing and discussion of results

Teams have opportunities to improve their companies with real-world business solutions including expansion, quality initiatives and niche marketing

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Get a FREE Seat on our public workshops in 2018 on MULTIPLE BOOKINGS!For details, email us at CR@HNI.AE now or fill out the form below and we will get back to you!

First participant on the course – 5% discount Second participant on the same course– 10% discount Third Participant on the same course – 15% discount Fourth Participant on the same course - 15% discount Fifth Participant on the same course– 15% discount